Darden to give activist investor Starboard four board seats

Darden Restaurants Inc. has nominated a new slate of directors, to be voted on at its annual shareholder meeting on Oct. 10.
The casual-dining operator will retain just four out of its 12 current members and give four seats to activist investor Starboard Value L.P., an increase of one member from Darden’s previous slate.
Starboard, which holds 8.8 percent of Darden shares, has issued its own slate of board members, and is supported by Barington Capital Group L.P., which owns ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!